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In this chapter, look for the answers to these questions: What kinds of questions does economics address? What are the principles of how people make decisions? What are the…

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In this chapter, look for the answers to these questions: What kinds of questions does economics address? What are the principles of how people make decisions? What are the…

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Chapter # 4 Chapter # 4 The Opportunity Cost Theory The PPF and Opportunity Cost Opportunity Cost: The opportunity cost of any item is whatever must be given up to obtain…

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Ten Principles of Economics In this chapter, look for the answers to these questions: What kinds of questions does economics address? What are the principles of how people…